H. R. 763, Energy Innovation and Carbon Dividend Act of 2019.

Summary: This bill imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere.

The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The bill also imposes a specified fee on fluorinated greenhouse gases. Cosponsors

ANGIE CRAIG’S POSITION:  Representative Craig sponsored the bill on 3/18/19.

STATUS: Introduced 1/24/19 by Rep. Deutch, Theodore E. [D-FL-22]. 

ORGANIZATIONS IN SUPPORT OF THE BILL:

ADDITIONAL DETAIL:

  • Link to the text of the bill.
  • Link to bill information (support and opposition) on Countable.

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